EUR Eyes German OutlookEuro/Thai BahtSAXO:EURTHBYES_GroupEURTHB is expected to remain stable to slightly stronger today, although there are no major Eurozone economic releases directly affecting the euro. The rebound in the DXY Index has strengthened USDTHB, which may help support EURTHB in the short term. Market participants will monitor the German Bundesbank Monthly Report, Germany’s Current Account Balance, and the German 6- and 12-month government bond auctions for further clues on Germany’s economic outlook and bond yield direction. However, investors remain primarily focused on Tuesday night's release of the U.S. CPI and Core CPI, which could be the key driver of both the U.S. dollar and EURTHB in the short term. Technical Analysis EURTHB remains in a technical rebound after bouncing from the key support around the 0% Fibonacci level (37.94). However, the broader trend has yet to turn bullish, as the pair continues to trade below the EMA. The RSI is currently around 36. Although it remains below the neutral 50 level, it has started to recover from the oversold region, suggesting that selling pressure is easing. Meanwhile, the MACD is approaching a bullish crossover with the Signal line, and the Histogram continues to narrow, indicating weakening bearish momentum and increasing potential for a short-term rebound. If the pair can hold above the 38.08–38.12 resistance zone, it would confirm stronger buying momentum and open the way for a move toward the next resistance levels at 38.16–38.22. Risk Factors Although buying interest has emerged from the key support area, the current move is still considered a rebound within a broader downtrend. Failure to break above the 38.08–38.12 resistance zone could trigger renewed selling pressure, pushing the pair back toward the 37.98–37.94 support area. In addition, if the Thai stock market opens higher during the morning session, it could strengthen the Thai baht and place additional downside pressure on EURTHB. Target Price: 38.16 – 38.22 Support: 37.98 – 37.94 Cut Loss: 37.97